The common stock of Porcine Meat Products, Inc., is currently selling at $60 per share. It has a P/E ratio of 12:1 and pays an annual dividend of $3 per share. That would make Porcine's EPS equal to A) $5. B) $36. C) $2. D) $3.

False

Explanation:

Christmas is celebrated in the United States on the 25th of December. Christmas is a civil holiday and is celebrated by an increasing number of non-Christians, and is an integral part of the holiday season. According to a Statista survey carried out in 2016, the vast majority of respondents stated their intention to celebrate the holiday, with only 5 percent declaring that they would not be joining in with the festivities. Christmas is typically the largest economic stimulus for many nations around the world as sales increase dramatically in almost all retail areas. The United States' retail industry generated over three trillion U.S. dollars during the holidays in 2013. These holiday sales reflected about 19.2 percent of the retail industries total sales that year. As a result, just over 768 thousand employees were hired throughout the United States to compensate for the holiday rush. The Christmas shopping season can start as early as September and some consumers begin even earlier.